Name the methods according to which partner’s capital accounts are maintained. Post category:Accountancy Reading time:1 mins read SOLUTION Fixed Capital Accounts and Fluctuating Capital Accounts. Please Share This Share this content Opens in a new window X Opens in a new window Facebook Opens in a new window Pinterest Opens in a new window LinkedIn Opens in a new window Viber Opens in a new window VK Opens in a new window Reddit Opens in a new window Tumblr Opens in a new window Viadeo Opens in a new window WhatsApp Read more articles Previous PostIn case of fluctuating capitals, where will you record drawings and interest on drawings? Next PostWhen salary to partners, interest on capital, drawings, interest on drawings, Interest on Drawing etc. are recorded in capital accounts of partners, which method we are following to maintain the capital account? You Might Also Like Differentiate between ‘Issued Share Capital’ and ‘Subscribed Share Capital’. (C.B.S.E. 2016 Comptt. All India) September 28, 2022 Rajan Ltd. purchased assets from Geeta & Co. for Rs. 5,00,000. A sum of Rs. 1,00,000 was paid by means of a bank draft and for the balance due Rajan Ltd. issued equity Shares of Rs. 10 each at a premium of 25%. journalise the above transactions in the books of the company. July 14, 2022 Why is premium on the issue of debentures considered a capital profit? September 29, 2022 Leave a Reply Cancel replyYou must be logged in to post a comment.
Differentiate between ‘Issued Share Capital’ and ‘Subscribed Share Capital’. (C.B.S.E. 2016 Comptt. All India) September 28, 2022
Rajan Ltd. purchased assets from Geeta & Co. for Rs. 5,00,000. A sum of Rs. 1,00,000 was paid by means of a bank draft and for the balance due Rajan Ltd. issued equity Shares of Rs. 10 each at a premium of 25%. journalise the above transactions in the books of the company. July 14, 2022